Monday’s Headlines: MBA Finance Job Market Stinks

Here’s the skinny on the MBA job market, according to Businessweek, which cites recent MBA Career Service Council data: Things pretty much stink and are worse than last year. Of the 70 schools surveyed by the MBA CSC, 51 percent reported increases of on-campus recruitment (down from 76 percent last year), just 69 percent said that job postings were up over last year (a figure down from 86 percent in 2011) and full-time job offers were offered to 75 percent of the graduating class from both this and last year's.

“Interestingly, lower-ranked schools were more likely to have increases in both on-campus recruiting and job postings—maybe salary dollars go a little further at second- and third-tier schools,” the magazine wrote.

Bright spots include a small jump in internships offered, and improved recruitment in manufacturing, media, real estate and technology. Otherwise, good luck.

 

Other News:

GE is considering breaking off chunks of its lending business, responding to investors' concerns about the risks of the financial sector. [WSJ]

Silicon Valley Bank will open a UK branch to service start-ups there. [Financial Times]

The State Department expects to issue a record 6,000 investor visas this year. [CNN Money]

Banks aim to boost their images by backing green tech firms. [NY Times]

The Family Office Exchange created a preferred-provider list of 30 wealth managers. [Investment News]

Banks, bond issuers and investors are bracing the U.S. bank downgrades expected this week. [WSJ]

UBS blames Nasdaq for its $350 million Facebook loss. [Dow Jones]

Nordic private equity firm EQT Partners will buy the German medical supplies company BSN Medical for $2.26 billion. [DealBook]

Canada’s Sun Life Financial is planning an aggressive expansion in Asia. [Financial Times]